|Bid Price||-||Offer Price||-|
|Mid Price||GBX 127.30||Day Change||GBX -0.10 (-0.08%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.40 %|
|Total Expense Ratio||0.00||Fund Size||1,185,410,200.00|
|Launch Date||19/02/1996||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.30||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B7X4RF18||Min TopUp (£)||1,000.00|
The fund seeks to provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Corporate Bonds. The fund will invest predominantly in corporate bonds and other fixed interest securities. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes. The Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. However, where derivatives are used for the purposes of meeting the investment objective of the fund it is not intended that the use of derivatives would raise the overall risk profile of the fund.
Mohamed Imtiaz Siddeeq
Mohamed Siddeeq is a fund manager in the London fixed income team and started working in the industry in 1986 with the HSBC group. During his time with the group he has set up businesses in Asian fixed income and credit derivatives European high yield and managed investments on behalf of the HSBC balance sheet and Structured Investment Vehicles. Prior to re-joining the firm in 2009 Mohamed worked for RAB Capital managing an Asian fixed income fund. He holds BSc in Physics from the University of Bristol and the Investment Management Certificate.